:root {
  --bg: #ffffff;
  --ink: #101828;
  --ink-2: #344054;
  --muted: #475467;
  --line: #f1e3d5;
  --soft: #fff6ee;
  --orange: #f97316;
  --accent: rgba(249, 115, 22, 0.7);
  --accent-ink: #9a3412;
  --dark: var(--accent);
  --bull: #067647;
  --bull-bg: #ecfdf3;
  --bear: #b42318;
  --bear-bg: #fef3f2;
  --radius: 16px;
}
* { box-sizing: border-box; }
html { -webkit-text-size-adjust: 100%; scroll-behavior: smooth; }
body {
  margin: 0;
  background: var(--bg) linear-gradient(180deg, rgba(249, 115, 22, 0.7) 0, rgba(249, 115, 22, 0.3) 240px, rgba(249, 115, 22, 0) 560px) no-repeat;
  color: var(--ink);
  font-family: Inter, system-ui, -apple-system, 'Segoe UI', Roboto, Arial, sans-serif;
  line-height: 1.5;
  -webkit-font-smoothing: antialiased;
}
a { color: inherit; text-decoration: none; }
:focus-visible { outline: 2px solid var(--accent-ink); outline-offset: 2px; }
img { display: block; max-width: 100%; }
.wrap { width: 100%; max-width: 1280px; margin: 0 auto; padding: 0 32px; }

/* nav */
.nav { position: sticky; top: 0; z-index: 20; background: rgba(255, 255, 255, 0.55); backdrop-filter: blur(14px); border-bottom: 1px solid transparent; }
.nav__in { display: flex; align-items: center; justify-content: space-between; height: 72px; position: relative; }
.brand { display: inline-flex; align-items: center; gap: 12px; font-weight: 700; font-size: 20px; letter-spacing: -0.01em; }
.brand__mark, .avatar { display: inline-grid; place-items: center; background: var(--dark); border-radius: 50%; flex: none; }
.brand__mark { width: 36px; height: 36px; }
.nav__links { position: absolute; left: 50%; transform: translateX(-50%); display: flex; gap: 32px; font-weight: 600; font-size: 15px; color: var(--ink-2); }
.nav__links a:hover, .nav__links a[aria-current] { color: var(--ink); }
.nav__links > a[aria-current] { box-shadow: inset 0 -2px 0 var(--ink); }
.nav__cta { display: flex; align-items: center; gap: 8px; }
.btn { display: inline-flex; align-items: center; justify-content: center; padding: 10px 18px; border-radius: 10px; background: var(--dark); color: var(--ink); font-weight: 600; font-size: 15px; border: 0; cursor: pointer; transition: opacity 0.15s; }
.btn:hover { opacity: 0.88; }
.btn--light { background: #fff; color: var(--ink); }
.btn--dark { padding: 12px 20px; }
.burger { display: none; width: 44px; height: 44px; background: none; border: 0; padding: 0; cursor: pointer; flex-direction: column; justify-content: center; align-items: center; gap: 5px; }
.burger span { width: 22px; height: 2px; background: var(--ink); border-radius: 2px; }

/* hero */
.hero { position: relative; display: block; height: 600px; border-radius: 28px; overflow: hidden; background-size: cover; background-position: center; margin-top: 8px; color: #fff; }
.hero__shade { position: absolute; inset: 0; background: linear-gradient(180deg, rgba(0, 0, 0, 0) 30%, rgba(0, 0, 0, 0.72) 100%); }
.hero__body { position: absolute; left: 0; right: 0; bottom: 0; padding: 48px; display: flex; align-items: flex-end; justify-content: space-between; gap: 24px; }
.hero__text { max-width: 760px; }
.hero__kicker { font-weight: 600; font-size: 16px; opacity: 0.95; }
.hero__title { margin: 8px 0 14px; font-size: clamp(30px, 4vw, 44px); line-height: 1.12; font-weight: 600; letter-spacing: -0.02em; }
.hero__ex { margin: 0; max-width: 620px; font-size: 15px; line-height: 1.5; opacity: 0.88; }
.hero__arrow { flex: none; align-self: center; transition: transform 0.2s; }
.hero:hover .hero__arrow { transform: translateX(6px); }

/* grid */
.recent { padding-top: 72px; }
.recent__h { margin: 0 0 32px; font-size: 20px; font-weight: 600; }
.grid { display: grid; grid-template-columns: repeat(3, 1fr); gap: 48px 32px; align-items: start; }
.card__img { display: block; border-radius: var(--radius); overflow: hidden; aspect-ratio: 1.42; background: var(--soft); }
.card__img img { width: 100%; height: 100%; object-fit: cover; transition: transform 0.35s; }
.card:hover .card__img img { transform: scale(1.03); }
.card__title { margin: 24px 0 8px; font-size: 20px; line-height: 1.3; font-weight: 600; letter-spacing: -0.01em; }
.card__title a:hover { text-decoration: underline; text-underline-offset: 3px; }
.card__ex { margin: 0 0 16px; color: var(--muted); font-size: 14px; line-height: 1.55; display: -webkit-box; -webkit-line-clamp: 3; -webkit-box-orient: vertical; overflow: hidden; }
.card__meta { display: flex; align-items: center; gap: 10px; font-size: 13px; color: var(--ink-2); font-weight: 500; }
.card__meta .avatar { width: 24px; height: 24px; }
.card__meta .avatar svg { width: 13px; height: 13px; }
.card__tag { margin-left: auto; font-size: 12px; font-weight: 600; color: var(--muted); background: var(--soft); border-radius: 999px; padding: 2px 10px; white-space: nowrap; }
.extra[hidden] { display: none; }
.more { display: flex; justify-content: center; margin-top: 56px; }
.more[hidden] { display: none; }

/* cta */
.cta { margin: 96px 0 0; background: var(--dark); color: var(--ink); border-radius: 28px; padding: 80px 24px; text-align: center; }
.cta h2 { margin: 0 0 12px; font-size: clamp(24px, 3vw, 32px); font-weight: 600; letter-spacing: -0.01em; }
.cta p { margin: 0 auto 28px; max-width: 520px; color: var(--ink-2); }

/* footer */
.foot { margin-top: 96px; border-top: 1px solid var(--line); }
.foot__in { padding-top: 40px; padding-bottom: 32px; display: grid; grid-template-columns: 1.6fr 1fr 1fr; gap: 32px; }
.foot__col { display: flex; flex-direction: column; gap: 10px; font-size: 14px; color: var(--ink-2); }
.foot__col h4 { margin: 0 0 4px; font-size: 13px; letter-spacing: 0.04em; text-transform: uppercase; color: var(--ink); }
.foot__col a:hover { color: var(--ink); text-decoration: underline; text-underline-offset: 3px; }
.foot__bar { display: flex; justify-content: space-between; gap: 8px 24px; flex-wrap: wrap; padding-top: 20px; padding-bottom: 32px; border-top: 1px solid var(--line); }
.foot__about { margin: 16px 0 0; max-width: 420px; color: var(--muted); font-size: 14px; }
.foot__meta { margin: 0; color: var(--muted); font-size: 14px; }

/* post */
.post { max-width: 800px; padding-top: 40px; }
.back { display: inline-flex; align-items: center; gap: 12px; font-weight: 600; color: var(--ink); margin-bottom: 40px; }
.back:hover { opacity: 0.7; }
.tags { display: flex; align-items: center; flex-wrap: wrap; gap: 12px; font-weight: 600; font-size: 15px; color: var(--ink-2); }
.tag--strong { color: var(--ink); }
.dot { color: var(--muted); }
.pill { border-radius: 999px; padding: 4px 14px; font-size: 14px; font-weight: 600; }
.pill--bearish { color: var(--bear); background: var(--bear-bg); }
.pill--bullish { color: var(--bull); background: var(--bull-bg); }
.pill--neutral { color: var(--muted); background: var(--soft); }
.post__title { margin: 20px 0 24px; font-size: clamp(32px, 5vw, 52px); line-height: 1.1; font-weight: 700; letter-spacing: -0.025em; }
.byline { display: flex; align-items: center; flex-wrap: wrap; gap: 10px; color: var(--ink-2); font-weight: 500; font-size: 16px; margin-bottom: 32px; }
.byline .avatar { width: 40px; height: 40px; margin-right: 4px; }
.post__fig { margin: 0 0 40px; }
.post__cover { display: block; width: 100%; height: auto; aspect-ratio: 1.9; object-fit: cover; border-radius: 22px; }
.post__fig figcaption { margin-top: 10px; font-size: 13px; color: var(--muted); }
.prose { font-size: 18px; line-height: 1.7; color: var(--ink-2); }
.prose h2 { margin: 2em 0 0.5em; font-size: 26px; line-height: 1.25; color: var(--ink); letter-spacing: -0.015em; }
.prose p { margin: 0 0 1.2em; }
.prose ul { margin: 0 0 1.4em; padding-left: 1.25em; }
.prose li { margin-bottom: 0.5em; padding-left: 0.2em; }
.callout { margin: 1.6em 0; background: var(--soft); border-left: 4px solid var(--dark); border-radius: 0 12px 12px 0; padding: 16px 22px; font-size: 17px; }
.callout strong { display: block; color: var(--ink); font-size: 14px; letter-spacing: 0.04em; text-transform: uppercase; margin-bottom: 4px; }
.callout p { margin: 0; }
.sources { margin-top: 2.4em; padding-top: 1.4em; border-top: 1px solid var(--line); font-size: 15px; line-height: 1.6; }
.sources h3 { margin: 0 0 10px; font-size: 14px; letter-spacing: 0.04em; text-transform: uppercase; color: var(--ink); }
.sources p { margin: 0 0 8px; }
.sources ul { margin: 0; padding-left: 1.1em; }
.sources li { margin-bottom: 6px; word-break: break-word; }
.sources a { color: var(--accent-ink); text-decoration: underline; text-underline-offset: 3px; }
.disclaimer { margin: 32px 0 0; font-size: 13px; color: var(--muted); }
.nf { padding: 120px 32px; text-align: center; }
.nf h1 { font-size: 40px; margin: 0 0 8px; }
.nf p { color: var(--muted); margin: 0 0 24px; }

/* info pages, search, byline links */
.info { max-width: 760px; padding-top: 48px; }
.info .list__h { margin-bottom: 24px; }
.info .lead { font-size: 21px; line-height: 1.5; color: var(--ink); }
.info .prose a, .disclaimer a { color: var(--accent-ink); text-decoration: underline; text-underline-offset: 3px; }
.byline a:hover { text-decoration: underline; text-underline-offset: 3px; }
.searchbtn { display: inline-flex; align-items: center; justify-content: center; width: 40px; height: 40px; border-radius: 999px; color: var(--ink-2); }
.searchbtn:hover { background: var(--soft); color: var(--ink); }
.sform { display: flex; gap: 12px; margin: 0 0 16px; max-width: 640px; }
.sform input { flex: 1; min-width: 0; font: inherit; padding: 12px 18px; border: 1px solid var(--line); border-radius: 999px; }
.sform input:focus { outline: 2px solid var(--accent-ink); outline-offset: 1px; }
@media (max-width: 720px) { .foot__in { grid-template-columns: 1fr 1fr; } .foot__brand { grid-column: 1 / -1; } .sform { flex-direction: column; } }
/* responsive */
/* dropdown menus, chips, listing pages */
.nav__links { align-items: center; }
.dd { position: relative; }
.dd__btn { display: inline-flex; align-items: center; gap: 4px; background: none; border: 0; padding: 26px 0; font: inherit; font-weight: 600; color: inherit; cursor: pointer; }
.dd__btn svg { transition: transform 0.15s; }
.dd.is-open .dd__btn svg { transform: rotate(180deg); }
.dd__btn:hover { color: var(--ink); }
.dd__menu { display: none; position: absolute; top: calc(100% - 10px); left: -16px; min-width: 250px; max-height: 70vh; overflow: auto; background: #fff; border: 1px solid var(--line); border-radius: 14px; box-shadow: 0 16px 40px rgba(16, 24, 40, 0.14); padding: 8px; z-index: 30; }
.dd.is-open .dd__menu { display: block; }
@media (hover: hover) { .dd:hover .dd__menu { display: block; } }
.dd__menu a { display: flex; justify-content: space-between; gap: 16px; padding: 10px 12px; border-radius: 8px; font-weight: 500; color: var(--ink-2); }
.dd__menu a:hover { background: var(--soft); color: var(--ink); }
.dd__n { color: var(--muted); font-size: 13px; }
.chips { display: flex; flex-wrap: wrap; gap: 8px; margin-top: 14px; }
.chip { display: inline-flex; align-items: center; gap: 6px; border: 1px solid var(--line); background: #fff; border-radius: 999px; padding: 5px 14px; font-size: 14px; font-weight: 500; color: var(--ink-2); }
.chip:hover { background: var(--soft); color: var(--ink); }
.chip__n { color: var(--muted); font-size: 12px; }
.browse { display: flex; flex-wrap: wrap; align-items: center; gap: 4px 16px; margin: 0 0 40px; }
.browse__l { font-size: 14px; font-weight: 600; color: var(--muted); }
.browse .chips { margin-top: 0; }
a.tag:hover, a.pill:hover { text-decoration: underline; text-underline-offset: 3px; }
.list { padding-top: 48px; }
.crumb { display: flex; gap: 10px; margin: 0 0 12px; font-size: 14px; font-weight: 600; color: var(--ink-2); }
.crumb a:hover { color: var(--ink); }
.list__h { margin: 0; font-size: clamp(32px, 5vw, 48px); line-height: 1.1; letter-spacing: -0.025em; }
.list__sub { margin: 8px 0 40px; color: var(--muted); }
@media (max-width: 1000px) {
  .grid { grid-template-columns: repeat(2, 1fr); }
  .hero { height: 520px; }
}
@media (max-width: 720px) {
  .wrap { padding: 0 16px; }
  .nav__in { height: 64px; }
  .burger { display: flex; }
  .nav__links { display: none; position: absolute; top: 64px; left: 0; right: 0; transform: none; flex-direction: column; gap: 0; background: #fff; border-bottom: 1px solid var(--line); padding: 8px 16px 16px; }
  .nav__links.is-open { display: flex; align-items: stretch; }
  .nav__links a { padding: 12px 0; }
  .dd { width: 100%; }
  .dd__btn { width: 100%; justify-content: space-between; padding: 12px 0; }
  .dd__menu { position: static; display: none; box-shadow: none; border: 0; border-radius: 0; padding: 0 0 8px 12px; min-width: 0; max-height: none; }
  .dd__menu a { padding: 10px 0; }
  .browse { margin-bottom: 28px; }
  .grid { grid-template-columns: 1fr; gap: 40px; }
  .hero { height: 460px; border-radius: 22px; background-position: 25% center; }
  .nav__cta .btn { display: none; }
  .hero__body { padding: 24px; }
  .hero__arrow { display: none; }
  .hero__ex { display: none; }
  .recent { padding-top: 48px; }
  .cta { padding: 56px 20px; border-radius: 22px; margin-top: 64px; }
  .prose { font-size: 17px; }
  .post { padding-top: 24px; }
  .back { margin-bottom: 28px; }
}
@media (prefers-reduced-motion: reduce) {
  * { transition: none !important; scroll-behavior: auto !important; }
}